Shares of Gigamon Inc (NYSE:GIMO) have received an average rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $39.14.

Several equities analysts have recently issued reports on the company. BidaskClub raised Gigamon from a “hold” rating to a “buy” rating in a research note on Thursday, September 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Gigamon in a research note on Tuesday, September 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $48.00 price target on shares of Gigamon in a research note on Tuesday, September 12th. JMP Securities cut Gigamon from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Finally, Dougherty & Co cut Gigamon from a “buy” rating to a “neutral” rating in a research note on Friday, October 27th.

Shares of Gigamon (NYSE GIMO) traded down $0.05 during trading hours on Monday, reaching $38.50. The company’s stock had a trading volume of 2,703,500 shares, compared to its average volume of 1,094,929. Gigamon has a fifty-two week low of $28.50 and a fifty-two week high of $48.25.

Gigamon (NYSE:GIMO) last issued its quarterly earnings data on Thursday, October 26th. The technology company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. Gigamon had a negative return on equity of 0.55% and a negative net margin of 0.32%. The business had revenue of $79.20 million for the quarter, compared to analysts’ expectations of $84.73 million. During the same period last year, the business earned $0.36 EPS. The business’s revenue was down 5.1% on a year-over-year basis. equities research analysts anticipate that Gigamon will post -0.12 earnings per share for the current year.

In other news, Director Ted C. Ho sold 30,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $38.51, for a total transaction of $1,155,300.00. Following the transaction, the director now directly owns 16,919 shares of the company’s stock, valued at $651,550.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Paul B. Shinn sold 2,072 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $38.55, for a total value of $79,875.60. Following the transaction, the senior vice president now directly owns 28,185 shares in the company, valued at $1,086,531.75. The disclosure for this sale can be found here. Insiders sold 47,072 shares of company stock worth $1,815,376 over the last three months. Corporate insiders own 4.50% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its holdings in Gigamon by 8.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 141,093 shares of the technology company’s stock valued at $5,553,000 after buying an additional 11,097 shares in the last quarter. Rhumbline Advisers raised its holdings in Gigamon by 73.9% in the 2nd quarter. Rhumbline Advisers now owns 65,887 shares of the technology company’s stock worth $2,593,000 after purchasing an additional 28,010 shares during the period. Bank of New York Mellon Corp raised its holdings in Gigamon by 57.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 587,474 shares of the technology company’s stock worth $23,117,000 after purchasing an additional 214,832 shares during the period. Legal & General Group Plc raised its holdings in Gigamon by 389.8% in the 2nd quarter. Legal & General Group Plc now owns 62,323 shares of the technology company’s stock worth $2,452,000 after purchasing an additional 49,600 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in Gigamon by 275.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,872 shares of the technology company’s stock worth $546,000 after purchasing an additional 10,179 shares during the period. 97.86% of the stock is currently owned by hedge funds and other institutional investors.

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Gigamon Company Profile

Gigamon Inc offers a solution that delivers visibility and control of data-in-motion traversing enterprise, federal and service provider networks. The Company’s Visibility Platform consists of a distributed system of nodes (that in combination establish a Visibility Fabric). The Visibility Platform includes physical appliances and virtual nodes that can be deployed in data centers, central offices, virtualized/private cloud/public cloud environments, and small form-factor remote site appliances, which in combination enable pervasive visibility of network infrastructures.

Analyst Recommendations for Gigamon (NYSE:GIMO)

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